Bitcoin Price Analysis (Week of September 5th)
Bitcoin’s price is approaching a key mark, from which the long-term growth could continue. What is the market sentiment at the moment? Is Bitcoin’s price cheap, compared to the long-term trend? There was no turn to decline yet. Right before the 11th G20 summit took place in China, Bitcoin’s price went up by almost 10%. Many experts have noted that the yuan is unlikely to escape a new wave of devaulation in 2016. It seems that such news provokes investors into taking up new instruments to diversify. Also, one of the large cryptocurrency trading companies - BitKan - is determined to enter....
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As quickly as bitcoin price had dropped below it, the $330 level has been reclaimed and is currently supporting an unsure sideways price pattern. The outlook turns cautiously optimistic, but we see from similar price action, during September, that at least one more drop lower could happen before any return to advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 14h24 UTC. BTCC 4-Hour Chart. From the analysis pages of xbt.social,....
The Merge hasn’t pushed crypto prices as expected. Instead, the third week of September has kicked off with more reds than greens. The entire market has plunged, and even the overall market cap dropped. Currently, many crypto assets are losing every hour. Many crypto exchanges are forcefully liquidating leveraged positions. According to Coinglass, the total amount liquidated already has reached $431.51 million, with 130,087 traders affected. Related Reading: These Two On-Chain Signals Precede Bitcoin Falls, Suggests Analyst Bitcoin Price Plunged Currently, the Bitcoin price stands....
The expectation of every crypto investor this month is to see some bullish trends in the market. Many top assets have recorded more pullbacks than rallies in the months following the overall market crash. Every week starts and ends with a new trend for the green or the reds. This uncertainty has kept everyone guessing and scared of imminent losses if the bearish trend continues. But it seems that the week beginning from September 5 to 12 brought a lot of bullish moves for many cryptos. Related Reading: Why Ethereum Price Is Unlikely To Dump After “The Merge” There were some pullbacks, but....
In September, the Darkcoin price broke out of a slump and surged at an impressive rate. However, Darkcoin could not sustain that massive amount of investment capital, because the Darkcoin price climb turned into a price bubble that popped during the latter half of September. But it appears the decline may be over and that Darkcoin is returning to its mean price level. Also Read: Darkcoin 2.0 Open Source - Can Darkcoin get it's mojo back? Darkcoin Price Returns to Mean After September Price Bubble. During the early portion of September, the Darkcoin price hovered around 590,000 satoshis. On....
On a day when the price of Bitcoin and many altcoins fell, the Blackcoin price has exploded due to increased trading volume on the Chinese exchange BTC38. CCN examines this altcoin price update to help traders make informed investing decisions. Blackcoin Price Blasts Off. 24-Hour Blackcoin Price Chart from CoinGecko. Just last week, CCN profiled Blackcoin's the moderate price rise which pulled the altcoin out of a significant price downtrend. On September 11-when CCN last examined the Blackcoin price-the coin was valued at 9,736 satoshis, a 14% rise over the previous day. The Blackcoin....